-
Regime: Mixed, with VIX holding steady at 17.38 and US yields slightly lower, suggesting a cautious risk-on sentiment tempered by geopolitical tensions. Today’s market themes: Mideast Peace Potential: Easing oil supply concerns dominate, pressuring crude and boosting risk assets. Dollar Weakness: DXY continues its descent, supporting EUR, GBP, AUD, and gold.…
-
Where we are: The DXY currently sits at 97.69, down 0.22% on the session, trading near the low end of its intraday range of 97.68-97.93. Yesterday’s close in New York was closer to 97.90, so we’re starting the NY day on the back foot. The dollar is catching a bid from…
-
Where we are: S&P 500 futures are trading at 7402.00, up 0.30% and pushing against the intraday high of 7410.00. This comes after a solid rally in cash yesterday, which saw the S&P close at 7365.10, gaining nearly 1%. The overnight range has been relatively tight, suggesting consolidation before the US…
-
Where we are: Gold (COMEX) is currently trading at 4755.8, up 55.3 points or 1.18% on the day, having traded in a range of 4694.0 to 4763.4. This represents a two-week high for the precious metal. Gold is currently extending gains seen in the Asian and European sessions, buoyed by hopes…
-
Where we are: EUR/USD is currently trading at 1.1775, up 0.21% on the session, breaching the overnight high of 1.1778. The pair has been consolidating gains made earlier in European trading, with the overnight range contained between 1.1745 and the current level. This price action marks a continuation of the bullish…
-
Where we are: Nasdaq futures are currently trading at 28755.25, up 0.33% on the day and near the session high of 28813.75. The overnight range has been relatively contained, but the move higher extends yesterday’s gains. Cash NDX closed last night at 25838.94, so futures are implying a significantly higher open…
-
Where we are: GBP/USD is currently trading at 1.3626, up 0.25% on the day and testing the upper end of its intraday range (1.3590-1.3631). Sterling has gained ground during the European session, breaking above previous resistance levels. The move builds on yesterday’s gains and positions Cable to test 1.3650 resistance, before…
-
Where we are: USD/JPY is currently trading at 156.25, essentially unchanged on the day within a tight 156.02-156.52 range. Despite suspected intervention earlier in the week, the pair remains stubbornly close to recent highs. This level is testing the resolve of Japanese authorities and the market’s perception of their commitment to…
-
Where we are: Dow futures currently trade at 50159, up 0.21% on the day, having established a range between 49984 and 50216. The Dow Jones cash index closed yesterday at 49911. With futures pointing higher, the index is poised to test the 50,250 level during the New York session, potentially pushing…
-
Where we are: USD/CAD is currently trading at 1.3630, marginally lower on the day (-0.02%), holding a tight intraday range of 1.3620-1.3643. The pair continues to consolidate around this level, struggling to break free from its recent sideways trend. This comes after a mixed performance in the prior NY session and…
-
Where we are: Bitcoin currently trades at 81177, down 370 points (-0.45%) on the day, caught between 80589 and 81715. The overnight range is holding, keeping BTCUSD just below yesterday’s NY close. Ethereum is showing relatively more weakness, down nearly 1% at 2334. What’s driving it: Near-term price action hinges on…
-
Where we are: The FTSE 100 is currently trading at 22973, up 140 points or 0.61% on the day, probing the highs of its intraday range (22834-22998). This rally extends the gains seen during the Asian session and builds on a relatively muted close yesterday in New York, suggesting dip buyers…
-
Snapshot: AUD/USD trades at 0.7256, up 0.22% on the session. The RBA’s reluctance to commit to a rate cut is supporting the Aussie, though attention is briefly diverted by a $4bn injection into Victoria’s Suburban Rail Loop. Focus shifts to the 08:30 ET US Unemployment Claims print. Watch 0.7264 intraday high;…
-
Snapshot: WTI Crude is trading at $90.21, down 5.86% on the session, driven by reports of a potential Middle East peace deal that could ease supply concerns. The market now awaits the 08:30 ET US Unemployment Claims release, although geopolitical news flow is likely to remain the dominant driver. A break…
-
Snapshot: The Nikkei 225 is up 4.30% to 62834, fueled by strong performance in tech stocks following Japan’s return from the Golden Week holidays. SoftBank’s surge on OpenAI and Arm investor gains is the primary driver. The Nikkei is trading near the intraday high of 63091, and a sustained break above…
